Miracle Mile Advisors LLC Purchases New Shares in Deckers Outdoor Co. (NYSE:DECK)

Miracle Mile Advisors LLC purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,252 shares of the textile maker's stock, valued at approximately $1,067,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its holdings in shares of Deckers Outdoor by 7.5% during the second quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker's stock worth $264,000 after buying an additional 19 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Deckers Outdoor by 5.2% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker's stock valued at $393,000 after acquiring an additional 20 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Deckers Outdoor by 2.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker's stock valued at $889,000 after acquiring an additional 23 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in Deckers Outdoor by 5.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 497 shares of the textile maker's stock worth $481,000 after purchasing an additional 27 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Deckers Outdoor by 2.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,663 shares of the textile maker's stock worth $1,609,000 after purchasing an additional 34 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DECK. Needham & Company LLC raised their target price on Deckers Outdoor from $226.00 to $246.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Telsey Advisory Group raised their price objective on shares of Deckers Outdoor from $183.00 to $190.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. StockNews.com downgraded shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 25th. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a research note on Thursday, October 17th. Finally, BTIG Research lowered shares of Deckers Outdoor from a "buy" rating to a "neutral" rating in a research report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Deckers Outdoor currently has an average rating of "Moderate Buy" and a consensus target price of $164.76.

Insider Buying and Selling

In other Deckers Outdoor news, insider Thomas Garcia sold 18,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares in the company, valued at approximately $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares in the company, valued at approximately $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,036 shares of company stock worth $13,715,482. Insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Performance

Deckers Outdoor stock traded down $2.68 during trading on Wednesday, reaching $203.46. 1,170,105 shares of the company's stock were exchanged, compared to its average volume of 1,701,162. Deckers Outdoor Co. has a 52-week low of $117.02 and a 52-week high of $214.70. The firm has a market cap of $30.91 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 2.90 and a beta of 1.08. The company's 50-day moving average is $197.77 and its two-hundred day moving average is $121.26.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.35. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share. Analysts anticipate that Deckers Outdoor Co. will post 5.49 EPS for the current year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.